Post on 16-Apr-2017
Entrepreneurs and Chasing Dollars
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Many entrepreneurs are doing one of two things….
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They’re either riding the hamster wheel, or they’re frozen and
standing still.
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Neither equals a profitable business.
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Entrepreneurs and the Proverbial Wheel of Doom
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If I can share one bit of wisdom it’s don’t chase dollars! It’ll
never work.
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You’ll never feel like you have enough. So you just keep
chasing it.
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Something else an entrepreneur does that’s chasing the dollar is
they ride the hamster wheel.
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They ride it so much in fact, they think that’s how it’s supposed to
be – mainly because they’ve never experienced anything else.
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So they go round and round and round – they’re working hard, but they remain in the same place.
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If you’re chasing dollars, you’re never really focused on the big
picture, the work that really needs to get done.
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Habits of a Profitable Entrepreneur
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Here’s the 4 steps I use in my practice to teach entrepreneurs
how to stay off the hamster wheel and be profitable in their
businesses.
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1. Declaration of Intent
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What are your intentions with your business? Is it to free
yourself from a job you hate?
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Become wealthy? Perhaps just have a secondary income
resource?
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Whatever the intent is – declare it. Say it out loud, own it and
commit to it.
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2. Put a Dollar Sign On It
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Whatever intent you declare, follow that up with a dollar sign.
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How much will it take? If you want to become wealthy for
example, what does that mean to you in specific terms?
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If it’s secondary income you seek, how much do you need?
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Write that number down for you and everyone to see. You can’t
own what you don’t make known.
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3. Treat Yourself Like an Employee
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Now this is probably the hardest part. It’s been my experience
(personally and from others) that many entrepreneurs have a
sense of entitlement.
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Once they’re freed from the cube they feel like they don’t have to
get up at certain time anymore – or answer to anyone.
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Not true! If you want to make money in your business you must treat your business like it’s a real
business.
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4. Develop a Plan of Action
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Once you know your intentions, you know how much money you
want to make, and you’ve developed a working environment
– now it’s time for ACTION!
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Develop a step-by-step plan that gets you to where you need to be. How many clients do you
need?
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How much activity will it take to get those clients? How much
revenue do those clients represent?
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Are you growing your list? How are you getting the word out?
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These are the types of questions that need to be answered to get
you to where you want to be.
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These are the traits of entrepreneurs that are successful in their efforts. Adapt to them and
you’ll succeed at anything! Cheers!
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If you need some help picking a niche market I just launched a new
training product that will tell you how to make that choice step-by-step. It’s
absolutely FREE.
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Click here to check it out.
Visit my website for more entrepreneur training courses.
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If you’re bootstrapping a business and need a roadmap look up my
book, Yanking Bootstraps, on
Amazon! It’s a short but powerful read that will give you strategies
to use right away in your business.
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Connect with me!Twitter -@thawkbridgesFacebook - www.facebook.com/TammyHawkBridges
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I hope you found this slideshow helpful in your business please visit me at perfectmarketingequation.com for marketing training and educational information for entrepreneurs.
Tammy Hawk-Bridges is an author, entrepreneur mentor and marketing strategist. She provides education and marketing training for entrepreneurs. Connect with her on Twitter @thawkbridges.